Summary Policy

Date
June 9, 2003

Reference Number
CSP - D17

Key Words
Donor (individual, corporate)

Under the Income Tax Act, a donor can be an individual or a corporation. An individual can claim a tax credit for the eligible amount of gifts made to qualified donees. A corporation can deduct the eligible amount of gifts made to qualified donees from its taxable income.

Paragraphs 3501(1)(g) and 3501(1.1)(g) of the Income Tax Regulations provide that an official donation receipt must bear the name and address of the donor.

• Gift, CSP - G01.
• Qualified Donee, CSP - Q01.
• Receipt, CSP - R02.
• Gifts Out of Inventory, CPC - 018.
• Name on Official Donation Receipt, CPC - 010.
• Gifts and Income Tax, P113.
• Tax Advantages of Donating to Charity, RC4142
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 110.1(1) and 118.1(1).
• Income Tax Regulations, C.R.C. 1978, c. 945, paras. 3501(1)(g) and (1.1)(g).